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Nordic Microfinance Initiative

Europe, Oslo, Norway, Oslo

Description

Nordic Microfinance Initiative (NMI) is an innovative strategic partnership between the Norwegian public and private sectors that

Investor Profile

Nordic Microfinance Initiative has backed more than 17 startups, with 0 new investments in the last 12 months alone. The firm has led 10 rounds, about 59% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Debt Financing rounds (top funding stages).
  • Majority of deals are located in India, Uganda, Myanmar.
  • Strong thematic focus on Financial Services, Finance, Banking.

Stage Focus

  • Series Unknown (47%)
  • Series B (18%)
  • Debt Financing (12%)
  • Series C (12%)
  • Secondary Market (6%)
  • Series A (6%)

Country Focus

  • India (88%)
  • Uganda (6%)
  • Myanmar (6%)

Industry Focus

  • Financial Services
  • Finance
  • Banking
  • Association
  • Consumer
  • Women's
  • Fintech
  • Car Sharing
  • Logistics
  • Transportation
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Nordic Microfinance Initiative frequently co-invest with?

Carpediem Capital
Carpediem Capital
North America, District of Columbia, United States, Washington
Co-Investments: 1
Incofin Investment Management
Incofin Investment Management
Europe, Antwerpen, Belgium, Antwerp
Co-Investments: 2
International Finance Corporation
International Finance Corporation
North America, District of Columbia, United States, Washington
Co-Investments: 2
HDFC Holdings
HDFC Holdings
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Triple Jump
Triple Jump
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 2
Women's World Banking
Women's World Banking
North America, New York, United States, New York
Co-Investments: 2
Omidyar Network India
Omidyar Network India
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Aavishkaar Venture Capital
Aavishkaar Venture Capital
Asia, Maharashtra, India, Mumbai
Co-Investments: 2
Oikocredit International
Oikocredit International
Europe, Utrecht, The Netherlands, Amersfoort
Co-Investments: 3
Goldfinch
Goldfinch
North America, California, United States, Walnut
Co-Investments: 1

Which angels does Nordic Microfinance Initiative often collaborate with?

Adar C. Poonawalla
Adar C. Poonawalla
Asia, Maharashtra, India, Pune
Shared Deals: 2
Rajiv Dadlani
Rajiv Dadlani
Asia, Maharashtra, India, Mumbai
Shared Deals: 1

What are some of recent deals done by Nordic Microfinance Initiative?

Light Microfinance

Ahmedabad, Gujarat, India

Light Microfinance is a microfinance company that offers financial products and services through gender and poverty-focused programs.

FinanceFinancial ServicesWomen's
Series BSep 22, 2022
Amount Raised: $24,178,891
Sitara

New Delhi, Delhi, India

Sitara provides affordable housing finance to the under-served low income households in urban and peri-urban locations.

ConsumerFinanceFinancial Services
Secondary MarketJul 13, 2022
Amount Raised: $1,500,000
Sitara

New Delhi, Delhi, India

Sitara provides affordable housing finance to the under-served low income households in urban and peri-urban locations.

ConsumerFinanceFinancial Services
Series CJul 13, 2022
Amount Raised: $18,500,000
Tugende

Kampala, Kampala, Uganda

Tugende helps to create opportunity through ownership by kick-starting financial independence for Ugandan motorcycle taxi drivers.

Car SharingFinancial ServicesLogisticsTransportationWeb Development
Debt FinancingDec 20, 2021
Amount Raised: $17,000,000
Light Microfinance

Ahmedabad, Gujarat, India

Light Microfinance is a microfinance company that offers financial products and services through gender and poverty-focused programs.

FinanceFinancial ServicesWomen's
Series AJul 20, 2021
Amount Raised: $10,063,435
Svasti Microfinance

Mumbai, Maharashtra, India

Svasti works with urban slum dwellers women microentrepreneurs.

AssociationFinancial Services
Series UnknownMar 11, 2021
Amount Raised: $4,267,665
Proximity Finance

Yangon, Yangon, Myanmar

Proximity Finance is one of the country’s few farmer-facing microfinance institutions.

FinanceFinancial Services
Series UnknownJul 1, 2020
Amount Raised: $14,000,000
Sindhuja Microcredit

Ghaziabad, Uttar Pradesh, India

Sindhuja Microcredit is a Microfinance company.

FinanceFinancial Services
Series BMay 11, 2020
Amount Raised: $8,700,000
Svasti Microfinance

Mumbai, Maharashtra, India

Svasti works with urban slum dwellers women microentrepreneurs.

AssociationFinancial Services
Series UnknownNov 10, 2019
Amount Raised: $10,000,000
Dvara KGFS

Chennai, Tamil Nadu, India

Dvara KGFS is a trust to ensure every individual and every enterprise has complete access to financial services.

CreditFinanceImpact Investing
Series UnknownSep 30, 2019
Amount Raised: $9,908,599
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